ISVBF vs. TLT
ISVBF (iShares MSCI China A UCITS ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, ISVBF returned -2.48%/yr vs -8.10%/yr for TLT. Their 0.02 correlation means their historical movements had little consistent relationship. ISVBF charges 0.40%/yr vs 0.15%/yr for TLT.
Performance
ISVBF vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -6.75% return, which is significantly lower than TLT's -2.43% return.
ISVBF
- 1D
- -0.66%
- 1M
- 9.06%
- 6M
- -8.63%
- YTD
- -6.75%
- 1Y
- -0.99%
- 3Y*
- 8.45%
- 5Y*
- -2.48%
- 10Y*
- —
- ALL TIME*
- -4.43%
TLT
- 1D
- 0.77%
- 1M
- -2.76%
- 6M
- -2.36%
- YTD
- -2.43%
- 1Y
- -1.64%
- 3Y*
- -0.90%
- 5Y*
- -8.10%
- 10Y*
- -2.25%
- ALL TIME*
- 3.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.49K | $255.95K | $315.23K | |
| $2.59B | $2.11B | $2.22B |
ISVBF vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.75% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
TLT iShares 20+ Year Treasury Bond ETF | -2.43% | 4.25% | -8.05% | 2.77% | -31.23% | 7.34% |
Correlation
The correlation between ISVBF and TLT is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.02 |
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Return for Risk
ISVBF vs. TLT — Risk / Return Rank
ISVBF
TLT
ISVBF vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and iShares 20+ Year Treasury Bond ETF (TLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.98 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.21 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.45 | +0.37 |
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Drawdowns
ISVBF vs. TLT - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ISVBF and TLT.
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Drawdown Indicators
| ISVBF | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -48.35% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -24.14% | -7.74% | -16.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -14.79% | -9.35% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -43.70% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -24.42% | -41.73% | +17.31% |
Average DrawdownAverage peak-to-trough decline | -32.57% | -14.00% | -18.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 3.63% | +7.60% |
Volatility
ISVBF vs. TLT - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 6.46% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.67%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.46% | 2.67% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 26.45% | 6.88% | +19.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 9.25% | +22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 15.75% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 14.83% | +15.23% |
ISVBF vs. TLT - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
ISVBF vs. TLT - Dividend Comparison
ISVBF has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.71% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
ISVBF and TLT have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (6.46%) compared to TLT (2.67%). In terms of maximum drawdown, ISVBF dropped -53.78% vs TLT's -48.35%.
On 5-year performance, ISVBF leads with -2.48% vs -8.10% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -2.48% return vs -8.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.40% for ISVBF.
TLT has the higher dividend yield at 4.71%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while TLT is Government Bonds. ISVBF tracks MSCI China A Inclusion Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.40% for ISVBF and 0.15% for TLT.
ISVBF currently has the higher Sharpe Ratio (-0.03 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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